Smart Tools for Asset Managers
At Gavekal Intelligence Software, we develop quantitative financial applications to implement Gavekal’s economic research expertise with the help of artificial intelligence and advanced software technologies.
TrackMacro: 100% equity risk off as at February 29th for the month of March.
History of The Company
Gavekal Intelligence Software (formerly Insight Research) is a financial software company headquartered in Nice, France, developing quantitative tools for asset managers.
The company was created in 1999 as the result of a project combining academic research in market finance, IT development using artificial intelligence technology, and financial market expertise.
The company was founded in the US, then transferred to France, with the goal of developing new-generation tools for investment and risk management geared towards international investors and covering all types of assets: stocks, bonds, commodities, currencies, index funds, and alternative funds.
In 2014, the company joined Gavekal to support the quantitative developments of the group and to benefit from the economic expertise of a leading independent macro research company.
The company’s mission statement rests on the three pillars of Gavekal, in order of importance, with a specific focus on fostering a highly technological and innovative work environment:
Gavekal Intelligence Software provides actionable investment ideas:
Gavekal Intelligence Software developed two applications for asset managers:
Yann Ageon is the company CEO. Before co-founding the company and developing software for the financial industry, he was an engineer at the National Center for Scientific Research (CNRS) in France in geochronology and condensed matter physics. As an IT languages specialist, Yann developed two software programs for the Agence Spatiale Européenne: one is embarked in a satellite and the other one is used as a tool to predict collapse pressures in space rocket fuel tanks. In addition, he created a seismic alert system for the Principality of Monaco, which is still in use today. For 10 years, he taught the concepts of Object Oriented Programming, the use of neurons networks, and genetic algorithms in artificial intelligence. Yann has two children and one grandchild.
Louis-Vincent Gave, after receiving his bachelor's degree from Duke University and studying Mandarin at Nanjing University, Louis joined the French Army where he served as a second lieutenant in a mountain infantry battalion. After a couple of years, Louis left the army and joined Paribas where he worked as a financial analyst first in Paris, then in Hong Kong.
Louis left Paribas in 1999 to launch Gavekal Research with Charles Gave and Anatole Kaletsky in London. In 2002, Louis left the London office and returned to Hong Kong; the idea at the time was that Asia was set to become an ever more important factor in global growth and that, consequently, Gavekal needed to offer its clients more information, and more ideas, relating to Asia. Since then, Louis has been living in Hong Kong from where he oversees Gavekal’s money management business. Nonetheless, Louis contributes episodically to the research.
In the past decade, Louis has written five books, including his latest Too Different For Comfort, published in October 2013. Louis speaks English and French. He spent many hours studying Mandarin and once spoke it decently. He is married with four children.
Didier Darcet is co-founder of the company and has been managing money since early 1990. He successively moved from the derivative trading space, to hedge fund management, and global asset management. He was Treasurer of Bank of America Paris, then head of interest rate arbitrage and prop trading at Bank of America London in the 90s. He founded Insight Finance in 2000, an equity arbitrage quantitative hedge fund, and managed the portfolio until 2006. He then turned to global portfolio management within Renaissance Capital and joined Gavekal in 2014. Didier has a double background in nuclear physics from Supelec –Paris, France- and in political sciences from Science Po –Paris, France. He is married with three children.
Charles Gave is the company Chairman. He has been researching tactical asset allocation for over forty years. In 1986, Charles stepped away from pure research to move into money management. He co-founded Cursitor-Eaton Asset Management where he was chief investment officer, managing over US$10bn of institutional money on a global asset allocation mandate. Cursitor was sold in 1995 to Alliance Capital and Charles remained with Alliance Capital until 1999. At this time, he elected to go back to his first love: research on tactical asset allocation. He left Alliance Capital to create Gavekal where he is the chairman. Charles is married and has four children and eight grandchildren.
Michael du Jeu is a money manager since 1986, in US investments banks, hedge fund, and global asset managers. He was head of European government bond trading at SG Warburg up to 1993. He was then Managing Director, head of government bond trading & prop trading at Lehman Brothers Europe, London up to 1998. He co-founded Aequilibrium Investment Ltd in London in 1998, a global macro hedge fund. In 2006, he then turned to global portfolio management within Renaissance Capital and joined Gavekal in 2014. Michael has a background in Law (International Relations). He is married with three children.
Kevin Ageon, a recent graduate from the Institut d'Administration des Entreprises in Nice Sophia-Antipolis; Kevin Ageon joined Gavekal Intelligence Software in May 2012 to initiate its business development activities. His dual training in mathematical sciences (Bachelor's in mathematics applied to social sciences) and in finance (Master II in financial engineering) reinforces the research and development activities of the company with the goal of meeting customers' needs.
Cedric Gemehl, after graduating with a degree in social sciences from the University of Paris Dauphine, Cedric studied economics at the Goethe University in Frankfurt. Cedric returned to Paris Dauphine, where he obtained an MSc in international economics. After interning at OECD, Cedric joined Gavekal in 2014 as an analyst focusing on emerging European economies and financial markets. He speaks French, English and German, and drinks both French wines and German beers.
Portfolio Simulation Software, which was developed over 16 years, to benefit from the latest quantitative techniques to analyse risk (VaR calculation for heavy tails, Monte Carlo simulation, genetic algorithm for portfolio optimization)
Download TrackRisk Brochure
Simulate, Stress-test, and Optimize Portfolio
Portfolio behavior in stressed periods
Portfolio behavior in various economic environments
Dependencies to major risk factors, such as commodity prices, interest rates, equity returns etc.
Simulation of portfolio reallocation
Optimized portfolio allocation
Equity risk-on / risk-off signals on 40 major equity indices worldwide
The software tool combines 7 fundamental macro rules by Charles Gave, Chairman of Gavekal group, and artificial intelligence technology developed by Gavekal Intelligence Software (See our publications)
Download TrackMacro Software and Brochure
TrackMacro for Tablets on Apple Store
TrackMacro 2.0 (New version for PC)
TrackMacro User Guide
Video on TrackMacro
Automated Macro Risk Tracking for Equity Investors
Charles Gave teamed up in 2014 with Gavekal Intelligence Software; his new quantitative research group with over 15 year's experience in artificial intelligence. Together, they spent the next two years testing, re-testing and ranking the hundreds of investment rules that Charles had picked up and developed over the years. They managed to retain seven rules with high statistical significance across the world's 40 largest equity markets. And they have now combined these seven rules in a software application called TrackMacro.
Gavekal Portfolio solutions (GPS): Bi-monthly Publications on Quant Research
GPS revisits fundamental financial concepts, human bias, and statistical and scientific market expectations. It proposes a method, a service, and an open debate with its clients.
Complex systems in interactions have been studied by science for more than 150 years and lead to extraordinary comprehensions of physical processes, probable outcomes, and in the mass production of industrialized products. Market finance is just another complex system in interaction.
The GPS team has reinterpreted for ten years, one by one, many of the underlying assumptions of portfolio theories with a scientific eye. The team regroups expertise in artificial intelligence, physics, and portfolio management (proprietary trading, hedge funds and asset allocation). It has been headed by Charles Gave, Chairman of Gavekal, since 2014. The conclusions are immediately actionable and somewhat surprizing.
The service takes the form of bi-monthly publications on historical and on-going researches. Some publications cover the current state of macro and behavioural market indicators, to help investment managers make allocation decisions. Others focus on portfolio construction with longer term objectives of robustness. The last ones revisit the market finance theories and the fundamental information we can grab from its analogy with physics.
GPS research delves into behavioural finance, arbitrage, portfolio construction, and into the concept of antifragility. We show how the concepts has evolved in the field of physics, and how they can be adeptly applied to the financial markets. Furthermore, GPS research displays the different ways this application can be used, and open the debates with its clients on specific implementations. Ultimately, our readers are led through the various theories of physics and economics that have led to these conclusions; fragile and antifragile objects, human beings, that we interact with everyday, represent relationships that could change our understanding of finance in the future.
Enjoy the readings, debate, challenge the views, and help us build a community and fund our research.
Gavekal Portfolio solutions (GPS): Registration Request Form
2 months-free trial
Gavekal Intelligence Software, SARL
Le Consul - 37 Boulevard Dubouchage | 06000 Nice
33 rue du Ranelagh 75016 Paris
Phone: +33 967 325 833 | Email: firstname.lastname@example.org